BidaskClub Downgrades Jack in the Box (JACK) to Sell

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BidaskClub cut shares of Jack in the Box (NASDAQ:JACK) from a hold rating to a sell rating in a report issued on Tuesday morning.

JACK has been the subject of several other reports. Jefferies Financial Group reissued a hold rating and set a $95.00 price target on shares of Jack in the Box in a research report on Thursday, November 22nd. ValuEngine raised Jack in the Box from a sell rating to a hold rating in a research report on Monday, November 12th. Cowen reissued a hold rating and set a $81.00 price target on shares of Jack in the Box in a research report on Tuesday, February 19th. Wells Fargo & Co reduced their price target on Jack in the Box from $96.00 to $95.00 and set an outperform rating for the company in a research report on Thursday, February 14th. Finally, Zacks Investment Research raised Jack in the Box from a sell rating to a hold rating in a research report on Wednesday, January 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $90.44.

Shares of NASDAQ JACK opened at $77.19 on Tuesday. Jack in the Box has a 52 week low of $74.19 and a 52 week high of $93.98. The company has a market cap of $1.97 billion, a P/E ratio of 20.37, a P/E/G ratio of 1.48 and a beta of 0.55.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings results on Wednesday, February 20th. The restaurant operator reported $1.35 EPS for the quarter, beating the consensus estimate of $1.30 by $0.05. Jack in the Box had a negative return on equity of 20.44% and a net margin of 16.55%. The firm had revenue of $290.80 million during the quarter, compared to analysts’ expectations of $275.26 million. During the same period in the prior year, the firm posted $1.23 earnings per share. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. Equities analysts predict that Jack in the Box will post 4.25 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 19th. Shareholders of record on Monday, March 4th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 1st. This represents a $1.60 annualized dividend and a yield of 2.07%. Jack in the Box’s dividend payout ratio is 42.22%.

In other Jack in the Box news, CEO Leonard A. Comma sold 1,615 shares of the company’s stock in a transaction that occurred on Friday, December 21st. The stock was sold at an average price of $77.44, for a total value of $125,065.60. Following the sale, the chief executive officer now owns 207,552 shares in the company, valued at $16,072,826.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 2,304 shares of company stock worth $179,218 in the last 90 days. Corporate insiders own 2.30% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in JACK. JNBA Financial Advisors bought a new position in shares of Jack in the Box during the fourth quarter worth approximately $31,000. Strs Ohio increased its stake in shares of Jack in the Box by 600.0% during the fourth quarter. Strs Ohio now owns 1,400 shares of the restaurant operator’s stock worth $108,000 after purchasing an additional 1,200 shares during the period. Ancora Advisors LLC bought a new position in shares of Jack in the Box during the third quarter worth approximately $110,000. Tower Research Capital LLC TRC increased its stake in shares of Jack in the Box by 267.4% during the third quarter. Tower Research Capital LLC TRC now owns 1,543 shares of the restaurant operator’s stock worth $129,000 after purchasing an additional 1,123 shares during the period. Finally, Dupont Capital Management Corp bought a new position in shares of Jack in the Box during the fourth quarter worth approximately $197,000. Hedge funds and other institutional investors own 95.52% of the company’s stock.

Jack in the Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of April 15, 2018, it operated and franchised 2,245 Jack in the Box restaurants primarily in the western and southern United States and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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Analyst Recommendations for Jack in the Box (NASDAQ:JACK)

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